With 50 days to go to the general election, Chancellor George Osborne today delivered a Budget he said showed Britain was "the comeback country". But what did he announce? Here are the key measures of interest to advisers...
1 ISA 'freedom' The government is to allow savers the "complete freedom" to take money out of an ISA and put it back in later in the year. The reform means that, instead of being able to put up to £15,240 in the 2015-2016 tax year into an ISA in total, savers can take out their money and put it back in within the same year, without losing their ISA tax entitlement. The only condition is that the repayment is made in the same financial year as the withdrawal. 2 Help to Buy - for ISAs! Similar to its 'Help to Buy' programme for homebuyers, the government has announced that s...
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